Legal & Regulation

Legal & Regulation
Yelp Says Google Is Still Scraping
September 13, 2017

Yelp, the online reviews company, is reportedly claiming that Google is going back on a promise made as part of a settlement over tech regulation back into 2012, in which Google said it wouldn’t use content from third-party websites without their permission. Get the Full...

Bank Regulation
TCF Bank Sees Partial Ruling In Its Favor In Overdraft Fees Case Lodged by CFPB
September 12, 2017

Late last week, regional bank TCF Financial Corporation saw a judge dismiss some of the claims lodged against it by the Consumer Financial Protection Bureau. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

CFPB
Could Equifax Be The Unexpected (And Unwilling) Savior Of The Arbitration Rule?
September 12, 2017

One week ago, the CFPB’s arbitration rule seemed more or less doomed to the scrap heap of financial regulatory history. Although it was approved in final form by the CFPB in July – after a lengthy and contentious rulemaking process – Republican lawmakers vowed to strike down the law within 24 hours...

Legal & Regulation
State Street Agrees To Pay $35M To Settle SEC Charges
September 08, 2017

The Securities and Exchange Commission (SEC) announced that financial services company State Street has agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups. The company has also admitted to separately omitting material information about its platform for trading U.S....

Legal & Regulation
FBI Investigating Defunct Uber Program That Tracked Lyft Drivers
September 08, 2017

Uber is the focus of a federal investigation in New York as authorities determine whether the ridesharing company used software to interfere illegally with its competitors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Legal & Regulation
Wells Fargo’s Whistleblower Lawsuit Resurrected
September 08, 2017

Wells Fargo saw a federal appeals court Thursday (Sept. 7) order a federal district judge to take another look at a whistleblower lawsuit lodged against the bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Legal & Regulation
DraftKings, FanDuel Fined $2.6M For Unfair Practices
September 08, 2017

DraftKings and FanDuel will pay a combined $2.6 million as a settlement for unfair and deceptive practices affecting fantasy sports consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Legal & Regulation
Senate Considers New OCC And Fed Leadership
September 08, 2017

Two of President Trump’s nominees to key financial regulatory positions were reported out of committee and await consideration by the full Senate — despite concerns from Democrats that both candidates are too close to the financial industry, which they will be regulating. Get the Full...

CFPB
CFPB Dings Zero Parallel For Steering Consumers To Predatory Payday Lenders
September 07, 2017

California-based Zero Parallel LLC has been hit with a $100,000 fine by the CFPB, which accuses it of intentionally steering customers toward predatory payday lenders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...